Identifying a reversal (trend change)

[padutrader]

My point is that you are contradicting yourself in your same sentence...

my point is you are not understanding trends:it can be 2 bars, ten bars or thousand bars

 

[padutrader]

What you're saying is that your 'pattern' only holds 10% reliable

that is why i do not use patterns

 

[tomorton]

imho profitable is baloney (half of the people on the market are profitable one time or another),

he will never be a professional trader if he can not spot the trend's beginning and the end.

"imho profitable is baloney"............

Doesn't sound very humble. If you have an opinion, you should give it without apology.

 

[qxr1011]

"imho profitable is baloney"............

Doesn't sound very humble. If you have an opinion, you should give it without apology.

i did not apologize,

but in any case, let me decide how i shall give my opinion,

ok?

 

[schweiz]

everyday look at your historical chart.
When price reverse, look for pattern prior to price reversal.
99% of time time there is pattern before price reversal.

Exactly. By doing that you can also calculate the probabilities of having a reversal, and even more or less the potential of the next move.

 

[tomorton]

i did not apologize,

but in any case, let me decide how i shall give my opinion,

ok?

"humble" opinion suggests an apologetic attitude but your vocabulary "baloney" goes against that. Say what you mean to say without affecting humility.

 

[qxr1011]

"humble" opinion suggests an apologetic attitude but your vocabulary "baloney" goes against that. Say what you mean to say without affecting humility.

humble suggesting modesty that's all, no apology, no humility just modesty (i do not beat myself in the chest like some other people ), on top of that it suggests that i see its only as my opinion, its not some God given truth

i though that was undesrtood

and the baloney does not go against modesty, imho


===Say what you mean to say without affecting humility.===

and again, let me say what i say the way i want it to say... also comment are welcome

but on should keep in mind that as soon one starts insisting on telling me what to say and how, i very soon will tell this one where to go and what to do...

but very humbly

 

[treeman]

Baloney does not go against modesty, indeed. Some things are just baloney.

 

[oraclewizard77]

When price crosses a longer term moving average. For example, a sign the bull market may be over is if the 200 day moving average is broken.

How do you spot it? One way is a swing in the opposite direction and a test preferable touching the previous trendline. What are other known ways?

 

[mlawson71]

Generally speaking, the larger the time frame you spot a signal on, the longer term the movement that will follow will be.